Friday, August 12, 2011

Largess, by another name

Moral: Wherein we realize that Big Ben and Little Timmy cannot be forgotten, even, for a moment, as they seem to like the ca-pital-sino nature of our modern economy with its infatuation with the big chimera.


Yes, Big Ben will continue to sack savers for another couple of years. He wants money to run after the chimera (about which, we have no accounting).


No, there are rumblings of QE3. Lord forbid!

And, he has another few years to go in his term.

It is a good thing that some have taken the vow of simple living (ask me, Big Ben, Warren, ...) and will not succumb to the sirens that have entrapped the busyness world.


09/19/2013 -- All's not lost. Some accountants see a change that is problematic. But, first, savers are more than just risk averse; they put their actions where their mouth is by being prudent. Now, that was once considered a virtue; in fact, one could argue that it was expected for fiscal responsibility. However, some claim that accounting has removed prudence in lieu of theoretical nonsense leading to annual reports that are incomprehensible. Actually, the computer can make things such, too, so the whole bit that underpins our world seems to have been given a shaky basis (on purpose, to allow rooking the people? - or, through stupidity?). Of course, the side that argues that prudence is quaint (well, it seems to be for quants) is vocal, too. But, we have China asking prudence of Ben and the Fed?

03/29/2013 -- Ben has taken a big chunk out of the Savings Bond payback.

02/28/2013 -- Ben seems to have an infinite horizon in regard to saver sacking. He does have the risky side of things boiling. Why not unwind, guy, so that we can see what happens? I understand that Elizabeth grilled him the past day or so; haven't really paid close attention as I'm just hunkered down under his reign. Someday, the sun will shine for the savers.

12/13/2012 -- Don't know how long this page will be there, Daily Ticker. But, when I looked, 69% had said 'no' (hurt rather than helped) as to whether Ben has helped.

10/24/2012 -- Ben is sticking to his guns. Lucky people like myself will continue to pay through the nose. Thanks, big guy.

04/06/2012 -- Ben talked for 4 Lectures. A series of remarks is expected to be motivated from such.

10/24/2011 -- Those who have not received Big Ben's largess congregate.

09/09/2011 -- Big Ben and the consumer.

08/16/2011 -- Big Ben treasonous?

Modified: 09/19/2013

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